Choose the correct option for the following statements being correct or incorrect.
Statement I: Intellectual Property (IP) is a category of property that includes intangible creations of the human intellect.
Statement II: IPR does not include trade secrets and moral rights.

A. Both the statements I and II are incorrect

B. Statement II is correct, but I is incorrect

C. Both the statements I and II are correct

D. Statement I is correct, but II is incorrect

Answer: Option D